$BTC, What Happens At 10K…

תמונת-בזק
Monthly
Looking at our trend timeframe we see price bounced off our $6,000 support level, and is now looking to engulf last months candle. Stochastic RSI showing momentum us slowing down but has not bottomed out. BTC currently testing our $8,600 resistance, will be watching smaller timeframes for a close above this level. A rejection from $10,000 and we should expect BTC to fall towards $5,000.

תמונת-בזק
Weekly
Shifting over to our pattern timeframe we see price testing our $8,600 resistance, a weekly close above this level activates our trade. Stochastic RSI showing momentum is heading towards the upside now. Expecting some daily consolidation at this level.

תמונת-בזק
Daily
Finally looking at our trigger timeframe we see price is continuing it’s uptrend pattern is now forming a higher low. A daily close above $8,400 and we should see BTC make a run towards $9,600, however a rejection from this level and a radical sell off towards $5,000.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDBullish PatternsChart PatternscryptocryptocurrenciesCryptocurrencyTrend Analysis

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